Rispon Avenue

After sharing my rather boring interest that is financial news ( 8O ) I got to think about making a serious longterm investment. I have long thought about it, written about it, joked about it, and looked into it in a half-hearted sort of way, but I never really decided to go ahead with it. I used to just save all my money to high-interest savings accounts, and before the financial collapse, that was working for me. But now the interest rates just aren’t matching up, and it seems as though it would be time to think on this a little more.

Not sure though, because I really don’t have a lot of faith in any financial market, right now. It’s hard to get over the fact that a small handful of greedy men managed to collapse the entire world economy, and I think that has left me – along with a billion other people – pretty shaken.

My current account okay, but it isn’t anything to be excited about, and I know that talking to a money broker is probably the next logical setp to take, but again, trust has been badly shaken, and I don’t think I trust strangers with my money at this point, perhaps at any point.

So if I want to do this myself, I am going to have to really sit down and go through a heck of a lot of brouhaha documentation to find exactly what is right for me… and that is a little unappealing, even with my fascination with financial issues. There are others out there, who look into this stuff themselves, there are finance forums… I’m sorry, but I just bet they’re the life of the party… :lol: I remember reading, but can’t find the article now – of course! :roll: – , that the two markets to keep an eye on are the Australian dollar – but only if investors feel like being a little risky – or the Japanese Yen – if investors decide to be cautious – but that still seems risky. I like that my own bank provides foreign currency bank accounts, which makes me feel a little safer, because I could always whip the money back to my normal account if things turn sour…. but yeah… I think I am just going to sit on this for a while and think more.

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I have found myself investigating financial matters, more and more of late. It’s sort of a complex interest, that doesn’t really serve a purpose, but I have found it enjoyable nonetheless. Not to mention, people think you’re really smart when you can explain to them what caused the current financial crisis. :D

I like to check the BBC News website for current financial articles, and also Finance Markets for news specifically related to investments. Financial Times is a really good site for finance news, because they are so in depth in their articles; I really like the way they present their news. For news about stocks, bonds, and equities, Investment Markets is alright, but their stories can be a little brief, sometimes.

I even find it enjoyable, in a way, to compare rates on savings accounts, but that is only when I have a heck of a lot of time to fill in. I have also had fun considering offshore banking and investment accounts, I think purely because I want to be able to say ‘Sure, just let me move some money in from my offshore accounts’. :lol: I also like to consider investing in things I can be proud of, as with environmentally friendly investments, seriously, how awesome is the idea of investing in oxygen. :D I have also looked into investing in agriculture, so long as it is sustainable.

I haven’t been overly bold in investing just yet, not with the current market. I am interested to see where it is going, though. I have been keeping an eye on the housing market, but that has to be another post, otherwise this one will be too huge! I suppose that’s the interesting thing about going through an economic crisis, especially when you paid attention to what happened right from the start. I am looking forward to seeing how it turns out in the end, how and when the market comes back to a stable state. It’s like living through history, and that is kind of exciting, even if it is tough for everyone right now.

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